Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
What to know about the EU’s updated anti-greenwashing law
The EU’s updated anti-greenwashing rules impose stricter requirements on environmental claims made in consumer-facing communications. The directive prohibits generic terms such as “green” and “eco-friendly,” as well as product-level climate neutrality claims based on carbon offsets. Future environmental commitments must be supported by detailed, independently verified plans, while labels and packaging claims must rely on recognised certification schemes. Companies must provide credible evidence for their environmental messaging, with violations potentially resulting in fines equivalent to 4% of related product revenue in the country where the breach occurred.
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#EU #Greenwashing #ClimateClaims #CarbonOffsets #ConsumerProtection #ESGRegulation
GB Energy launches £30 million ‘People’s Power’ fund for community energy
Great British Energy opened applications for £30 million to support community-led clean energy projects across the UK, the first wave of up to £1 billion announced earlier this year. DESNZ said the funding will support over 1,000 local and community-led projects, from rooftop solar on local buildings to community-owned wind
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#GreatBritishEnergy #CommunityEnergy #UK #DESNZ #LocalPowerPlan #Solar
VCMI: New report sets out policy options to strengthen domestic carbon credit markets
VCMI and Climate Focus published a policy report guiding governments on building and scaling domestic carbon credit markets. It examines instruments countries have successfully used to attract investment, driving demand and increasing supply of high-quality credits, against a global annual climate finance gap of $1.3 trillion. Measures include developing a government carbon market strategy, a legal framework covering Article 6 and voluntary markets, agency capacity building and a national registry; mandating credit purchases as a penalty for missing emissions targets; tax credits and exemptions; national certification programmes and project subsidies.
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#VCMI #ClimateFocus #DomesticCarbonMarkets #Article6 #ClimateFinance #NationalRegistry
Strengthening the EU carbon border adjustment mechanism and closing loopholes
The European Parliament has approved its negotiating position to expand the Carbon Border Adjustment Mechanism beyond basic materials to a broader range of finished steel and aluminium products. The proposed changes also strengthen anti-circumvention measures and introduce support for European producers facing carbon-related export costs. An option allowing Paris Agreement Article 6 carbon credits to be deducted from CBAM obligations was removed from the text, with the issue expected to be addressed through the upcoming EU Emissions Trading System review. The legislation will now proceed to negotiations with EU member states.
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#EU #CBAM #Article6 #EUETS #CarbonPricing #Trade
Evolution of carbon pricing in Taiwan: carbon fee revenue use options
The Grantham Research Institute published a report for Taiwan’s Ministry of Environment on how carbon fee revenues can be used most effectively, following the first payments based on 2025 emissions collected in May 2026. Drawing on the 13 use cases in Article 33 of the Climate Change Response Act, it compares changing the tax mix, changing spending patterns and changing the fiscal balance sheet, with case studies from Japan, the EU Innovation Fund and California. Its ten recommendations include allocating 65% to environmental investment, 25% to transition support and 10% to administration, plus an online public revenue-use tracker.
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#Taiwan #CarbonFee #CarbonPricing #GranthamInstitute #MOENV #RevenueRecycling
BRICS backs carbon market cooperation while opposing unilateral CBAM
BRICS countries have endorsed closer cooperation on carbon markets while opposing unilateral carbon border adjustment measures. The New Delhi Declaration supports implementing a BRICS Carbon Markets Partnership focused on knowledge exchange, capacity building and alignment between carbon markets, climate finance and national climate strategies. At the same time, the bloc characterised unilateral border measures as punitive, discriminatory and protectionist, citing potential burdens on developing economies. The position highlights a dual approach that supports domestic carbon market development and international cooperation while resisting trade-related climate policies imposed without broader multilateral agreement
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#BRICS #CarbonMarkets #CBAM #ClimateFinance #CarbonPricing
Brazil eyes China as buyer of carbon credits, targets accord by COP31
Brazil is exploring a bilateral carbon market agreement with China, potentially to be announced at COP31 in November, while assessing whether China could become a buyer of Brazilian ITMOs. Brazil is also considering accelerating its original 2031–2035 timeline for establishing international credit verification and exports, following industry requests. Separately, Brazil, China and the EU are advancing a carbon-market coalition covering roughly 42% of global emissions. The 11-member group is developing a work plan to gradually improve compatibility among trading systems, with mutual recognition of carbon assets potentially achievable within a decade.
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#Brazil #China #Article6 #ITMO #COP31 #CarbonMarketCoalition
Singapore and Lao People’s Democratic Republic sign Implementation Agreement on carbon credits under Article 6 of the Paris Agreement
Singapore and Lao PDR signed an Implementation Agreement on carbon credits under Article 6 of the Paris Agreement, Singapore’s 12th bilateral agreement and its fourth with an ASEAN member state. The legally binding framework allows Lao developers to seek authorisation for eligible mitigation projects and transfer credits internationally, with corresponding adjustments applied to prevent double counting. Both sides will set out project authorisation procedures, and Singapore will publish eligible methodologies and the authorisation process on its Article 6 platform. The agreement channels carbon finance into Laos while widening Singapore’s supply of compliance-grade credits, which companies may use against part of their carbon tax liability.
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#Singapore #Laos #Article6 #ITMO #CorrespondingAdjustment #ASEAN #CarbonTax
Japan opens carbon credit opportunity for Indian green projects
Indian developers of green projects may gain revenue opportunities by transferring mitigation outcomes to Japanese buyers under Article 6.2 of the Paris Agreement. India has bilateral arrangements with Japan and South Korea and is discussing cooperation with Singapore, Switzerland and Sweden. Fourteen eligible activity categories include renewable energy storage, offshore wind, green hydrogen and ammonia, compressed biogas, sustainable aviation fuel, clean cooking, CCUS and technologies for hard-to-abate industries. Japan operates the Joint Crediting Mechanism, with methodologies, procedures and registry arrangements, and aims to secure 100 million tonnes of cumulative reductions and removals by 2030. Japanese credit prices are estimated at $11–$27 per tonne. These opportunities are separate from India’s domestic compliance carbon market, which currently covers 490 industrial units across seven sectors. Singapore could provide an outlet because companies may use eligible international credits against part of their carbon tax liability, although transaction prices will depend on negotiations.
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#India #Japan #Article62 #JCM #CarbonCredits #ITMO #ClimateFinance #GreenHydrogen #CompressedBiogas
Turkey Sets Up Carbon Market To Capture Revenue From EU Trade
Türkiye has established an emissions trading system to create a domestic carbon market and retain carbon-related revenue that might otherwise be collected by the European Union through CBAM. The regulation establishes rules for emissions monitoring, reporting and verification and domestic market governance. Because eligible carbon prices paid in the country of production can reduce an importer’s CBAM liability, Turkish producers may pay more of their carbon costs domestically, although the ETS will not automatically eliminate CBAM charges. The TR ETS will operate a pilot phase during 2026 and 2027, followed by its first implementation period from 2028 to 2035. Covered installations will require five-year emissions permits and be classified into three categories based on emissions. Revenue from allowance sales, permits, market stability operations, authorized international credits and certain fines will support the Climate Change Directorate. The system uses product benchmarks and emissions intensity, with free allocation planned for industries.
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#Türkiye #Turkey #EmissionsTrading #TRETS #EUCBAM